Stocks gained for a third day in four yesterday. Semiconductor shares such as Taiwan Semicon-ductor Manufacturing Co (TSMC, 台積電) and United Microelec-tronics Corp (UMC, 聯電) rose on optimism chip sales will climb.
\nThe TAIEX rose 31.45, or 0.6 percent, to 5,543.61. About stocks gained for every that declined. Turnover was NT$86.2 billion (US$2.51 billion).
\nTSMC, the world's largest maker of computer chips on a subcontracting basis that counts the US for three-quarters of its sales, rose NT$0.50, or 0.8 percent, to NT$63, adding to a five-day, 9.7 percent gain.
\nUMC, the world's second largest, added NT$0.30, or 1.2 percent, to NT$24.80.
\nThe book-to-bill ratio for orders made to North American companies for equipment used to make semiconductors last month was 0.97, indicating US$97 worth of orders were made for every US$100 in products billed, Semiconductor Equipment and Materials International said in a statement.
\nThe ratio was 0.93 in June and 1.22 in July last year. A figure below 1 typically indicates a contracting market.
\nChang Hwa Commercial Bank (
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